New Indian brands like Noise and Fire-Boltt dominate consumer electronics in India with affordable but feature-rich products. This trend of affordable indulgence is reshaping consumer behaviour, with India's TWS earbuds and activity wearables market projected to reach USD8.2 billion by 2029.
The Forecast Model for Consumer Appliances and Consumer Electronics was built to help the industry understand growth drivers in an easy-to-understand visual presentation. It provides tools to easily compare market growth and growth decomposition by product and country. In this piece, we will take you through a step-by-step methodology to identify which are high growth markets and the growth drivers behind them.
2024 promises to be an exciting year for the appliances industry. As inflation fears subside together with the expectation of no more rate hikes and, dare we say it, a cut in rates, the next year is full of growth opportunities.
The durables (Consumer Appliances and Consumer Electronics) market is changing rapidly and the environment in which it operates is more turbulent than ever. Euromonitor International is delighted to introduce a new tool, the Forecast Model Durables (FM Durables), that can assist in plotting a course through this disruption and navigate future market evolution.
For almost 100 years, IFA has been at the forefront of innovations and presents the latest products and innovations from around the world.
IFA 2022 Berlin took place in a physical space for the first time after a three-year break. The conference featured the latest product innovations and industry hot topics, and also allowed experts to get back together. The 2022 IFA conference revolved around three themes, as expressed by IFA’s Senior Vice President David Ruetz in his opening speech – connectivity, smart home and sustainability.
The latest consumer electronics research shows that retail value sales are projected to register a 4% CAGR over the forecast period worldwide, despite inflationary pressure and global supply chain constraints causing havoc globally. What are the factors that are driving the growth of consumer electronics as the world transitions to the new normal?
Only 55 companies have remained on the Fortune 500 list continuously since its inception in 1955. In that year, GM was the biggest company in the world. 70 or so years later, Wal-Mart, a discount store, is the biggest, while GM filed for bankruptcy in 2009. A generation ago, a “Kodak moment” referred to a picture-worthy moment. Today, it is widely used to describe companies that failed to adapt to market disruptions. Clearly, companies need to innovate their products and business models to survive.
Apple achieved its highest ever sales in 2021, despite global macroeconomic challenges. The company is shifting its business towards services, a strategy intended to avoid overreliance on sales of iPhones and to grow the company's user base.